S.2496: Help Small Businesses Access Affordable Credit Act

About This Bill

  • Introduced Feb. 3, 2016
  • Latest Major Action Feb. 3, 2016

Bill Summary

Help Small Businesses Access Affordable Credit Act This bill amends the Small Business Act to authorize the Small Business Administration (SBA), if demand for commitments for authorized general business loans exceeds the limit on the total amount of commitments the SBA may make for such loans, to make such commitments up to 110% of that limit. The SBA may not exercise this authority until specified congressional committees have approved.

(Source: Library of Congress)

Bill Actions

Date Description
Feb. 3, 2016
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Feb. 3, 2016

Introduced in the Senate by Christopher A. Coons (D-Del.)

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